Stonegate Capital Partners Updates 3Q24 Report on Gladstone Commercial Corp. (GOOD)
Gladstone Commercial Corp (NASDAQ: GOOD) reported strong Q3 2024 financial results, exceeding both revenue and FFO estimates. Revenue reached $39.2M, while FFO per share was $0.38 and AFFO per share was $0.14. The company's Core FFO increased from $0.36 in Q2 2024 to $0.38, primarily due to a $2.0M settlement received for deferred maintenance. Notable operational highlights include a 98.5% occupancy rate, with industrial properties comprising 63% of the portfolio, and a 100% rent collection rate year-to-date.
Gladstone Commercial Corp (NASDAQ: GOOD) ha riportato forti risultati finanziari nel terzo trimestre del 2024, superando sia le stime sui ricavi che quelle sull'FFO. I ricavi hanno raggiunto $39.2M, mentre l'FFO per azione è stato di $0.38 e l'AFFO per azione di $0.14. L'FFO Core dell'azienda è aumentato da $0.36 nel secondo trimestre del 2024 a $0.38, principalmente a causa di un risarcimento di $2.0M ricevuto per manutenzione differita. Tra i principali risultati operativi, spiccano un tasso di occupazione del 98.5%, con le proprietà industriali che rappresentano il 63% del portafoglio, e un tasso di riscossione degli affitti del 100% dall'inizio dell'anno.
Gladstone Commercial Corp (NASDAQ: GOOD) reportó sólidos resultados financieros en el tercer trimestre de 2024, superando tanto las proyecciones de ingresos como las de FFO. Los ingresos alcanzaron $39.2M, mientras que el FFO por acción fue de $0.38 y el AFFO por acción fue de $0.14. El FFO Core de la compañía aumentó de $0.36 en el segundo trimestre de 2024 a $0.38, principalmente debido a un acuerdo de $2.0M recibido por mantenimiento diferido. Los aspectos operativos más destacados incluyen una tasa de ocupación del 98.5%, con propiedades industriales que constituyen el 63% de la cartera, y un tasa de recaudación de rentas del 100% en lo que va del año.
Gladstone Commercial Corp (NASDAQ: GOOD)는 2024년 3분기 재무 결과가 강력하게 보고되었으며, 수익 및 FFO 추정치를 초과했습니다. 수익은 $39.2M에 달했으며, 주당 FFO는 $0.38, 주당 AFFO는 $0.14였습니다. 회사의 Core FFO는 2024년 2분기 $0.36에서 $0.38로 증가했으며, 이는 주로 $2.0M의 합의금을 통해 받은 연기된 유지보수 비용 때문입니다. 주목할 만한 운영 하이라이트로는 98.5%의 점유율이 있으며, 산업용 부동산이 포트폴리오의 63%를 차지하고, 올해부터의 임대료 수집률이 100%에 이릅니다.
Gladstone Commercial Corp (NASDAQ: GOOD) a publié des résultats financiers solides pour le troisième trimestre 2024, dépassant à la fois les prévisions de revenus et d'FFO. Les revenus ont atteint $39.2M, tandis que l'FFO par action était de $0.38 et l'AFFO par action était de $0.14. L'FFO Core de l'entreprise a augmenté de $0.36 au deuxième trimestre 2024 à $0.38, principalement en raison d'un accord de $2.0M reçu pour des travaux de maintenance différés. Les points forts opérationnels notables comprennent un taux d'occupation de 98.5%, les propriétés industrielles représentant 63% du portefeuille, et un taux de recouvrement des loyers de 100% depuis le début de l'année.
Gladstone Commercial Corp (NASDAQ: GOOD) meldete für das dritte Quartal 2024 starke Finanzergebnisse und übertraf sowohl die Umsatz- als auch die FFO-Schätzungen. Der Umsatz erreichte $39.2M, während der FFO pro Aktie $0.38 und der AFFO pro Aktie $0.14 betrug. Das Core FFO des Unternehmens stieg von $0.36 im zweiten Quartal 2024 auf $0.38, hauptsächlich aufgrund eines $2.0M Vergleichs, der für aufgeschobene Wartung erhalten wurde. Zu den bemerkenswerten operativen Höhepunkten gehören eine 98.5% Belegungsquote, wobei industrielle Immobilien 63% des Portfolios ausmachen, sowie eine 100% Mietinkassoquote seit Jahresbeginn.
- Revenue of $39.2M exceeded consensus estimates of $36.9M
- Core FFO per share increased to $0.38 from $0.36 in Q2 2024
- High occupancy rate at 98.5%
- 100% rent collection rate year-to-date
- Received $2.0M settlement for deferred maintenance
- AFFO per share of $0.14 fell below consensus estimate of $0.28
Insights
The Q3 results demonstrate solid performance with
Dallas, Texas--(Newsfile Corp. - November 5, 2024) - Gladstone Commercial Corporation. (NASDAQ: GOOD): Stonegate Capital Partners Updates Coverage on Gladstone Commercial Corp. (NASDAQ: GOOD). Gladstone Commercial Corp. reported revenue, FFO per share, and AFFO per share of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Fundamentals remain strong with
98.5% occupancy levels. - Diversification continues as
63% of properties are industrial. 100% of rents collected in YTD.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228977
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